AmericanFortress Raises $8M to Defend the $483 Billion in Bitcoin Already Exposed to Quantum Risk
AmericanFortress closes $8 million to solve the migration problem Bitcoin's governance cannot. As Google's March paper accelerated the timeline, the money is already exposed.
How do you migrate $483 billion in Bitcoin out of quantum-vulnerable addresses when nobody owns the keys to a fifth of it?
That is the problem Grayscale Research flagged this quarter, the problem BIP-360 entered the Bitcoin Improvement Proposals repository to address, and the problem Vitalik Buterin's "Strawmap" laid out for Ethereum in February. It is also the problem AmericanFortress just raised $8 million to bypass.
The company announced today that it has closed an $8 million seed round co-led by SAVA Digital Asset Fund, Moon Pursuit Capital and 0G Labs. Alongside the funding, AmericanFortress filed a patent for quantum-resistant cryptographic transaction signing built as a licensable retrofit. Any chain that wants the protection can adopt the technology without waiting for its own governance...
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